August 19, 2017 8:08 PM ET

Air Freight and Logistics

Company Overview of FedEx Ground Package System, Inc.

Company Overview

FedEx Ground Package System, Inc. provides business-to-business package shipping and ground delivery services. The company provides day-certain service to every business address in the United States and Canada, as well as residential delivery to through its FedEx Home Delivery service. The company also includes FedEx SmartPost, which consolidates and delivers high volumes of low-weight, less time-sensitive business-to-consumer packages using the United States Postal Service for final delivery to any residential address or Post Office box in the United States. The company was formerly known as Roadway Package System, Inc. and changed its name to FedEx Ground Package System, Inc. in 1998. The ...

1000 FedEx Drive

Coraopolis, PA 15108-9373

United States

Founded in 1984

Phone:

412-269-1000

Fax:

412-747-4290

Key Executives for FedEx Ground Package System, Inc.

Chief Executive Officer and President
Age: 63
Chief Financial Officer
Chief Executive Officer, President, and Chairman of FedEx Corporation
Age: 73
Executive Vice President
Age: 70
Compensation as of Fiscal Year 2017.

FedEx Ground Package System, Inc. Key Developments

FedEx Ground Announces Earnings Results for the Third Quarter Ended February 28, 2017

FedEx Ground announced earnings results for the third quarter ended February 28, 2017. For the third quarter, the company reported revenue of $4.69 billion against $4.41 billion a year ago. Operating income was $515 million against $557 million a year ago. Revenue increased as higher base rates and commercial volume growth were partially offset by lower residential volume, driven by yield management actions, and the negative impact from one fewer operating day. Operating results decreased due to higher rent, depreciation and staffing as a result of network expansion, the negative net fuel impact and one fewer operating day.

FedEx Ground Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended November 30, 2016

FedEx Ground reported unaudited earnings results for the second quarter and six months ended November 30, 2016. For the quarter, the company reported total revenue of $4.42 billion against $4.05 billion a year ago. Operating income was $465 million against $526 million a year ago. Revenue increased due to higher volume and yields. Operating results decreased due to higher rent, depreciation and staffing as a result of network expansion, and increased purchased transportation rates. For the six months, the company reported total revenue of $8.709 billion against $7.880 billion a year ago. Operating income was $1,075 million against $1,063 million a year ago.

FedEx Ground Package System Inc. Agrees to Pay $15 Million to Settle Overtime Pay Case

FedEx Ground Package System Inc. will pay $15.45 million to settle three class action lawsuits brought by drivers in Oregon. The drivers in the three suits-Slayman v. FedEx Ground, Leighter v. FedEx Ground and Berg v. FedEx Ground-alleged that FedEx Ground misclassified them as independent contractors rather than full-time employees and illegally denied them overtime pay. The drivers also said the company took illegal paycheck deduction. The seven drivers who brought the suits previously lost in district court but won a successful appeal from the 9th Circuit Court of Appeals.

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